Green Oleo SpA (MIL:GRN) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is Green Oleo SpA LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Green Oleo SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

Green Oleo SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.18). It may suggest that Green Oleo SpA is progressively becoming more dependent on debt to grow their business.

Green Oleo SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Green Oleo SpA's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Green Oleo SpA LT-Debt-to-Total-Asset Chart

Green Oleo SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.30

0.24

0.20

Green Oleo SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.30	0.24	-	0.20	0.18

Green Oleo SpA LT-Debt-to-Total-Asset Calculation

Green Oleo SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	9.687	/	48.464
	=	0.20

Green Oleo SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	9.348	/	51.435
	=	0.18

Green Oleo SpA (MIL:GRN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Green Oleo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Oleo SpA (MIL:GRN) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Via Bergamo, 66, Cremona, ITA, 26100

Website

https://www.greenoleo.com

Green Oleo SpA is one of the leading European producers of fine oleochemicals from renewable sources. It offers a wide range of fatty acids and glycerine. The main families of oleochemical products treated by GREEN OLEO are acids distilled fats with different matrices depending on the starting fat, stearic acids (stearines), oleic acid, glycerine, fatty acid derivatives (e.g. soaps), and esters.